Story Highlights
XRP community is speculating that one XRP could be worth $1 million if its value equals the upcoming stablecoin, RLUSD.
This speculation started as a joke but has gained momentum, fueled by a well-known validator and a self-proclaimed researcher.
While the theory remains speculative, there is excitement in the community as XRP’s price hovers around $0.58 and the SEC case nears its conclusion.
The XRP community is buzzing with an exciting theory that could create big waves in the crypto world. Some enthusiasts are predicting that XRP could reach an astonishing $1 million if one drop of XRP matches the value of
Ripple’s upcoming stablecoin
, RLUSD. What started as a lighthearted joke has quickly gained traction, sparking excitement among investors.
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1 xrp has 1 million drops. Once XRP rises in price the drops will come into play in a big way. So if 1 RLUSD=$1 dollar, and 1 RLUSD is paired to 1 XRP drop in the future, then 1 XRP would = $1 million dollars. David was asked this but kinda dodged the question. It’s 100% possible
— CryptoTank (@Tank2033js)
September 21, 2024
Let’s dive into the details!
Unpacking the Bold Prediction
This bold prediction took off after Vet, a well-known validator on the XRP Ledger (XRPL), humorously suggested that the launch of RLUSD, Ripple’s soon-to-be-released stablecoin, would be “big news” if it reached $1. Since RLUSD is pegged to the U.S. dollar, it is expected to hold a steady value of $1. Vet’s sarcastic comments highlighted how some in the XRP community often turn even ordinary events into sensational news.
However, what began as humor soon turned serious when XRP community member and self-proclaimed researcher Crypto Tank joined the conversation, building on Vet’s comments to fuel new price predictions.
The Mechanics Behind the Speculation
Crypto Tank argued that if one drop of XRP ever equals the value of 1 RLUSD, this would mean that a single XRP token—made up of 1 million drops—could be worth a staggering $1 million. Currently, XRP is divided into drops, much like Bitcoin is split into satoshis. However, drops are rarely mentioned in everyday discussions due to XRP’s relatively low price.
As
XRP’s price
hovers around $0.58, Crypto Tank’s theory remains a distant dream for now. Still, he believes that as XRP rises to higher prices—possibly exceeding $1—the use of drops in daily transactions could become more practical.
Also Read :
Ripple Vs SEC Lawsuit Update: Oct 7 Deadline Nears – Will SEC Appeal the XRP Ruling?
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Is It Possible?
While Crypto Tank insists this scenario is “100% possible,” it remains a bold speculation. Edward Farina, Head of Social Adoption at XRP Healthcare, has also hinted that XRP could become so valuable that users would need to transact in drops instead of whole tokens. However, the idea of XRP hitting $1 million still feels far-fetched and purely speculative at this point.
With market excitement building, getting into XRP before it breaks the $1 mark could offer serious upside potential. Sure, the crypto scene is volatile, but with the SEC case possibly wrapping up soon, XRP might be on the verge of a big push. A clear path forward could see XRP soar, and buying the dip now could be a savvy move before prices take off.
So, are you ready to buy the dip?
Tags
Price Analysis
Ripple (XRP)
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